The bid for an auction piece titled Protectors of the Soul by Yang Amat Mulia Pengiran Anak Hamlatul Arsy Mulia, the daughter of His Royal Highness Prince Haji Sufri Bolkiah closed at SGD50,000, during a virtual charity auction event in Singapore to raise money for lower-income families.
Protectors of the Soul is part of her collection of 412 artworks called The Hidden Princess, which she gifted to Singapore’s inaugural Non-Fungible Token (NFT) charity auction event, ‘Blockchain For Good’.
The auction took place virtually from October 4-10. It was jointly organised by the Blockchain Association Singapore (BAS) and the National Trades Union Congress (NTUC) U Care Fund.
Blockchain For Good aims to raise funds for the NTUC-U Care Fund with a target of SGD250,000 for the first auction. The NTUC-U Care Fund is the charity arm of NTUC that aims to better the welfare of lower-income union members and their families. The funds raised will go towards supporting various assistance programmes, including helping families defray their cost of living and their children’s school expenses, as well as caring for the elderly.
The Hidden Princess collection holds a myriad of stories told through music composition, animation, digital and traditional paintings. In addition, some pieces will be in mixed media such as paper and recycled materials. Out of the 412 pieces, only the first 10 pieces will be minted as of now. These 10 pieces will also serve as an invitation to the solo show on opening day, and will also attend a private tour with the artist.
The auction piece is an invitation to that show. All remaining 402 pieces will be released as NFTs and showcased in a solo show next February.